PARTNERSHIP-BASED ISLAMIC FINANCE AND ITS INTEGRATION INTO THE LEGAL SYSTEM OF UZBEKISTAN: A COMPARATIVE ANALYSIS OF MUSHARAKAH, MUDARABAH AND NATIONAL PARTNERSHIP FORMS
Keywords:
Islamic finance, musharakah, mudarabah, simple partnership, trust management, Shariah governance, Uzbekistan lawAbstract
Ushbu maqolada islom moliyasidagi sherikchilikka asoslangan asosiy shartnomalar — musharakah va mudarabahning huquqiy tabiati tahlil qilinadi hamda ular O‘zbekiston qonunchiligida nazarda tutilgan oddiy shirkat, xo‘jalik shirkatlari, mas’uliyati cheklangan jamiyat, aksiyadorlik jamiyati va mol-mulkni ishonchli boshqarish institutlari bilan qiyosiy o‘rganiladi. Maqolada O‘zbekistonda islomiy moliyalashtirishni bosqichma-bosqich joriy etish jarayoni mavjud ekani, biroq sherikchilikka asoslangan islom moliyasi institutlarini to‘laqonli tatbiq etish uchun fuqarolik, bank, soliq va nazorat mexanizmlarini uyg‘unlashtirish zarurligi asoslab beriladi. Xulosa sifatida, islom moliyasi shartnomalarini alohida huquqiy konstruksiya sifatida tan olish, soliq neytralligini ta’minlash, shariat nazorati va nizolarni hal etishning ixtisoslashgan mexanizmlarini rivojlantirish bo‘yicha takliflar ilgari suriladi.
References
[1] Tuan Badrul Hisyam bin Tuan Soh, Musharakah and Its Compatibility with the Malaysian Legal and Regulatory Framework: An Examination on the Implementation of Risk Sharing (PhD thesis, Newcastle University, 2019).
[2] Hanira Hanafi, Critical Perspectives on Musharakah Mutanaqisah Home Financing in Malaysia: Exploring Legal, Regulative and Financial Challenges (PhD thesis, Durham University, 2012).
[3] Agrani Sabito Ibro, Adequacy of Legal Framework Regarding Islamic Banking in Contemporary Ethiopia (LL.M thesis, Addis Ababa University, 2024).
[4] Regulation No. 3536 of 26 July 2024, On Approval of the Regulation on the Procedure for Providing Islamic Financing Services by Microfinance Organizations.
[5] Civil Code of the Republic of Uzbekistan (Part Two), including provisions on trust management of property and simple partnership.
[6] Law of the Republic of Uzbekistan No. 308-II of 6 December 2001, On Business Partnerships.
[7] Law of the Republic of Uzbekistan No. 310-II of 6 December 2001, On Limited Liability Companies; Law of the Republic of Uzbekistan, On Joint-Stock Companies and Protection of Shareholders’ Rights.
[8] Law of the Republic of Uzbekistan № LRU-1126 “On introducing amendments and additions to certain legislative acts of the Republic of Uzbekistan aimed at the introduction of Islamic banking in Uzbekistan”
[9] Central Bank of the Republic of Uzbekistan, official materials on regulatory development of Islamic finance and reporting requirements for Islamic financing services.
